CCJ’s parent company, Fusable, has rolled out a new integration that offers fleets potential cost savings on insurance.
Fusable’s Central Analysis Bureau (CAB) platform is partnering with freight visibility platform TruckerCloud to provide insurers in the commercial trucking space greater risk assessment capabilities by embedding TruckerCloud’s telematics data into CAB’s advanced analytics platform.
TruckerCloud aggregates telematics data from 46 platforms, including many of the industry's largest ELD and telematics companies, in one simple format. This partnership gives CAB’s insurance customers access to a motor carrier’s telematics data via TruckerCloud, eliminating the need to contract with each individual telematics provider.
That data, which remains private between the insurer and carrier, includes things like speed, acceleration, braking patterns and more so insurers can price rates to individual carriers based on their safety performance.
“This partnership with Fusable leverages our telematics data to improve safety and efficiency in the trucking industry,” said TruckerCloud CEO, Spencer Mitchell. “This integration not only benefits our mutual clients but also contributes to safer roads for everyone.”
Rusty Freeman, senior product manager for insurance underwriting at CAB, said this partnership will help carriers lower their insurance rates if they operate safely as well as make the insurance renewal process easier for carriers.
“It lowers insurance costs because you prove that you’re a safe company with a safer driving record,” he said. “It helps (insurers) assess risk on your company. It gives them more insights to your company. And it is a tool to promote safety within your fleet because you know if they’re able to access your data, then it gives you an incentive to be safer. So it’s a risk management tool for both the insurance carrier and (the motor carrier).”
This integration is for Class 3-8 vehicles only, designed for insurance companies for underwriting claims.
